Patrick Stock Reading

Tuesday, August 01, 2006

China essen

This counter seems to have a inverted H & S formation.

Looking at the volume, it is suggesting that there are some selling down, but average volume is rather thin. If the price moves with an average volume of said 10mls or more, it may requires some attention for a "quick fix" ;p

Guess many experience traders will be watching closely for a breakout. Others may be loading up or had already loaded up during the slight dip to it support and waiting at the sideline.

do your own homework and happy trading.